FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Short Interest Up 88.9% in June

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 122,236 shares, a growth of 88.9% from the June 15th total of 64,710 shares. Based on an average daily trading volume, of 265,470 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Trading Up 0.1%

Shares of NYSEARCA TDTT opened at $23.73 on Friday. The firm’s 50-day simple moving average is $23.98 and its 200 day simple moving average is $24.13. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund has a 12-month low of $23.64 and a 12-month high of $24.51.

Hedge Funds Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Institutional investors have recently modified their holdings of the stock. IFP Advisors Inc acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the third quarter worth approximately $121,000. Horizon Investments LLC increased its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3,225.8% in the fourth quarter. Horizon Investments LLC now owns 7,084 shares of the company’s stock valued at $170,000 after purchasing an additional 6,871 shares in the last quarter. BOKF NA raised its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 113.5% in the 3rd quarter. BOKF NA now owns 8,433 shares of the company’s stock worth $205,000 after purchasing an additional 4,484 shares during the last quarter. Bessemer Group Inc. raised its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% in the 1st quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock worth $210,000 after purchasing an additional 6,697 shares during the last quarter. Finally, Virtue Capital Management LLC acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 4th quarter worth $253,000.

About FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

The FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) is an exchange-traded fund that is based on the iBoxx 3-Year Target Duration TIPS index. The fund tracks an index of inflation-protected US government debt with maturity dates of 1-10 years. TDTT was launched on Sep 19, 2011 and is managed by FlexShares.